Prologis, Inc. (NYSE:PLD) Shares Purchased by Capital Investment Advisors LLC

Capital Investment Advisors LLC boosted its stake in Prologis, Inc. (NYSE:PLD) by 2.6% in the 1st quarter, Holdings Channel reports. The firm owned 28,465 shares of the real estate investment trust’s stock after purchasing an additional 731 shares during the period. Capital Investment Advisors LLC’s holdings in Prologis were worth $3,182,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PLD. Murphy & Mullick Capital Management Corp purchased a new position in Prologis in the 4th quarter valued at approximately $26,000. Crowley Wealth Management Inc. purchased a new position in Prologis in the 4th quarter valued at approximately $27,000. Centricity Wealth Management LLC purchased a new position in Prologis in the 4th quarter valued at approximately $30,000. REAP Financial Group LLC boosted its position in Prologis by 40.0% in the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 84 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in Prologis in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

Shares of NYSE:PLD opened at $108.91 on Monday. The company’s fifty day moving average price is $103.68 and its 200 day moving average price is $110.36. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $132.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The firm has a market capitalization of $101.06 billion, a P/E ratio of 27.23, a P/E/G ratio of 2.70 and a beta of 1.25.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. As a group, sell-side analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.71%. Prologis’s dividend payout ratio is currently 101.00%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial decreased their price target on shares of Prologis from $123.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, May 5th. BMO Capital Markets decreased their price target on shares of Prologis from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Mizuho decreased their price target on shares of Prologis from $117.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Robert W. Baird decreased their price target on shares of Prologis from $126.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.42.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.